San Diego State University Economics Discussion Question

Question Description

I’m working on a economics question and need an explanation and answer to help me learn.

A PPF diagram introduces the concept of scarcity. Resources are scarce – there aren’t enough to meet our unlimited wants. Because resources are scarce, we have to make tradeoffs (or choices). Please describe a time when you had to make choice because your resources were scarce (time, money, space, etc.)

Tags:
money

space

labor

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